Deribit exchange will require identity verification before the end of the year

Deribit, the leading exchange for Bitcoin (BTC) and Ether (ETH) options contracts, will require all of its users to verify their identity before the end of the year.

Le KYC arrives in Deribit

The information was shared by John Jansen , CEO of Deribit , to The Block media. Initially, this measure was to come into effect on February 10, 2021, but the platform is stepping up the pace, by imposing Bitcoin Profit on its users earlier than expected.

For Deribit, this decision is crucial , as regulators raise the tone on platform compliance. Indeed, American residents are theoretically not allowed to use the platform, but they can very easily access it with a VPN.

But although Deribit is based in Panama, the platform must exercise extreme caution. By imposing KYC measures, the company is ensuring that Americans cannot access its markets.

Thus, Deribit avoids attracting the wrath of regulatory bodies in the United States , which will save it from numerous complications, both financial and legal.

As of this writing, Deribit largely dominates the Bitcoin options contract market. Well ahead of CME, OKEx, Huobi and LedgerX, Deribit occupies on average 75% of daily volumes :

Verification measures intensify

This Deribit requirement therefore comes shortly after a similar decision taken by BitMEX , which had also set February 2021 to impose the KYC.

However, its recent difficulties with the US authorities have been a game-changer, forcing the platform to advance the deadline to November 5.

Little by little, KYC measures are imposed across the world , and almost all centralized platforms now have to follow the rules to survive.

A real irony of fate for Deribit, who had left the European Union to escape AMLD5 , a directive which since January 2020 requires exchanges to disclose the identity of their users and to report suspicious activity.

By settling in Panama, Deribit hoped that it would not have to impose a KYC on its customers, but the reality of things quickly caught up with the company .

Elrond believes he has defeated Cardano, EOS and Algorand

 

Elrond (ERD) believes he has what it takes to beat the giants of the world of proof-of-stake, or PoS.

OKEx announces the integration of Latamex to its platform
This Romanian PoS blockchain raised USD 3.25 million in an initial exchange offer, or IEO, in July 2019. Elrond’s CEO, Beniamin Mincu, told Cointelegraph that the IEO process at Binance was very difficult. However, he explained that through perseverance, the project managed to raise the necessary funds and receive significant exposure.

Ethereum 2.0 – sooner than expected

Elrond’s technology stack reads very similar to what had been anticipated for Ethereum (ETH) 2.0: sharding, secure PoS, a virtual machine; however, Mincu made a number of distinctions between the two:

„It’s similar. But the difference is essentially that Bitcoin Method is trying to launch this in two years, when Elrond is launching this immediately. We’ve finished all the technology. Everything is working. We can process 10,000 transactions per second right now.“

The blockchain sector in Japan is growing by over 30% since 2019

Elrond claims to have a better architecture than other PoS blockchains
When asked about how Elrond plans to compete with much larger PoS projects such as Cardano (ADA), EOS (EOS) and Algorand (ALGO), Mincu said

„I think, compared to everyone else, Elrond has a fundamentally more efficient architecture. Therefore, we outperform them in any way that can be measured, secondly, from a resource reward perspective for PoS architectures, we have a more competitive reward system right now for validators.

Mincu believes that one of the keys to success in this space is the user experience, and says that Elrond has a big advantage there. Not only to succeed against other blockchains, but also to take adoption to the next level.

Coinshares erwirbt Gabi Trading: Neue Einheit handelt Krypto im Wert von 3 Milliarden Dollar im Jahr 2019

Coinshares startete am Donnerstag sein Handelsgeschäft, Coinshares Capital Markets (CSCM), und berichtete, dass die Einheit im Jahr 2019 Krypto-Währungen im Wert von über 3 Milliarden US-Dollar und im ersten Quartal 2020 im Wert von 1,5 Milliarden US-Dollar gehandelt hat.

Gabi Trading wird umbenannt

Der britische Digital Asset Manager ist laut einer Presseerklärung im Begriff, Gabi Trading, ein Unternehmen, das sich in der Endphase der Übernahme befindet, im Wesentlichen umzubenennen.

Firma bietet maßgeschneiderte Absicherungs- und Risikomanagementlösungen für BTC

CSCM betreibt ein Portfolio von Handelswerkzeugen, das elektronischen Handel, Liquiditätsbereitstellung sowie Kreditvergabe und -aufnahme umfasst. Außerdem bietet es maßgeschneiderte Absicherungs- und Risikomanagementlösungen für BTC-Minenarbeiter, Börsen, Makler und Krypto-Fonds.

Coinshares Capital Markets ist ein aktiver Eigenhandelszweig der Global Advisors Group. Im Rahmen der Umfirmierung wird das Unternehmen nun seine Dienstleistungen für relevante Gegenparteien öffnen.

„Diese Initiativen sind Teil der Mission von Coinshares, den Kunden ein ausgeklügeltes, zweckmäßiges Angebot an Produkten und Dienstleistungen speziell für digitale Vermögenswerte zu bieten“, sagte das Unternehmen.

„Diese Übernahme ist Teil einer größeren strategischen Neuausrichtung unter der neuen Führung des Unternehmens, die sich aus dem Chief Executive Officer Jean-Marie Mognetti, dem Chief Strategy Officer Meltem Demirors und dem Chief Revenue Officer Frank Spiteri zusammensetzt“, fügte das Unternehmen hinzu.

Broker-Dealer-Lizenz von der US-Aufsichtsbehörde erhalten dank Firmenübernahme

Im November 2019 verstärkte Coinshares seine amerikanische Präsenz durch den Erwerb einer Broker-Dealer-Lizenz von der US-Aufsichtsbehörde für die Finanzindustrie.

Die Lizenz erhielt sie durch den Erwerb eines unter Group Capital registrierten Broker-Händlers, der dann eine Namensänderung in Coinshares Capital durchmachte.

CSCM hat eine historische Beziehung zu Coinshares, da sie die passiven Produkte und die Fondsfamilie des Unternehmens unterstützt hat.

Die Einheit hat zuvor auch eigene Handelsstrategien für das sechs Jahre alte Unternehmen zur Verwaltung digitaler Vermögenswerte eingesetzt, das Büros in Jersey, London, Stockholm und New York unterhält.

Was halten Sie von der neuen Akquisition von Coinshares?